Capital Investment Advisory Services LLC Sells 1,995 Shares of F.N.B. Co. (NYSE:FNB)

Capital Investment Advisory Services LLC cut its position in shares of F.N.B. Co. (NYSE:FNB) by 7.2% in the fourth quarter, HoldingsChannel reports. The firm owned 25,563 shares of the bank’s stock after selling 1,995 shares during the period. Capital Investment Advisory Services LLC’s holdings in F.N.B. were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kathleen S. Wright Associates Inc. purchased a new stake in F.N.B. during the third quarter worth $28,000. Brooklyn Investment Group purchased a new stake in shares of F.N.B. during the 3rd quarter worth $31,000. Richardson Financial Services Inc. lifted its stake in shares of F.N.B. by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 2,946 shares of the bank’s stock worth $41,000 after purchasing an additional 1,473 shares during the last quarter. UMB Bank n.a. boosted its position in F.N.B. by 82.3% during the third quarter. UMB Bank n.a. now owns 3,687 shares of the bank’s stock valued at $52,000 after purchasing an additional 1,665 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in F.N.B. by 100.9% in the fourth quarter. Versant Capital Management Inc now owns 4,011 shares of the bank’s stock valued at $59,000 after purchasing an additional 2,014 shares during the last quarter. 79.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FNB. StockNews.com upgraded shares of F.N.B. from a “sell” rating to a “hold” rating in a report on Monday, October 21st. Piper Sandler lowered their target price on shares of F.N.B. from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their price target on F.N.B. from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Raymond James raised their price objective on F.N.B. from $17.00 to $19.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Stephens upped their target price on F.N.B. from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.50.

F.N.B. Price Performance

Shares of FNB opened at $15.68 on Friday. The firm has a market capitalization of $5.64 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 4.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $15.57 and its 200-day moving average price is $14.95. F.N.B. Co. has a 1-year low of $12.49 and a 1-year high of $17.70.

F.N.B. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, March 3rd. F.N.B.’s dividend payout ratio is presently 38.10%.

Insider Transactions at F.N.B.

In related news, CEO Vincent J. Delie, Jr. sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $16.50, for a total value of $2,062,500.00. Following the sale, the chief executive officer now owns 1,652,229 shares in the company, valued at $27,261,778.50. This represents a 7.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.03% of the company’s stock.

F.N.B. Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.